As India’s IT sector looks to new markets for growth, the country’s fourth largest IT company, Wipro, has announced that it will pay $30m for a minority stake in the privately held Opera Solutions, a US organisation that works in predictive and prescriptive data analytics.
That translates into helping companies use data to manage costs, risks and other areas of the business. It’s a high-value element of the IT sector that many Indian companies are trying to expand into as growth in other services has tailed off.
Marvell, the US semiconductor company, has bought Xelerated, the Swedish maker of networking infrastructure chips, in a deal understood to be worth around $100m.
Richard Waters
Chris Nuttall
Maija Palmer
Robin Kwong
Tim Bradshaw